The Central Bank of Iceland said it drew 400 million euro (543 million dollars) in accordance with a mid-May agreement it made with the central banks of Sweden, Norway and Denmark, the Earth Times reported.
Each swap facility arrangement provides the Icelandic central bank access to 500 million euro against the Icelandic currency.
Anders Fogh Rasmussen, the Danish Prime Minister, said that the Nordic neighbours of Iceland were preparing to help the country financially.
Rasmussen refused to get into details but said the neighbouring Nordic states were prepared to offer “more than just moral” help.
Denmark, Finland, Norway and Sweden along with Iceland belong to the Nordic Council organisation.
Why do people always have to turn these discussions into a competition about who can throw more mud at each other? Stick to the subject at hand…
We were talking about the Scandinavian family, And Grey was talking about the German family.
Those two person were not from Germany, but still black sheep in the “German Family”
Logic might be a bit far fetched, but there is logic to it.
Adolf Hitler and Jörg Haider were both Austria’s not Germans, so why the insult?
“Yeah, our family has such a black sheep, too…”
Nad you had a few, Adolf hitler, and Jörg Haider to name a few, but luckily they are in the history books now.
I hope the Icelandic Government will now honour it’s legal obligations to all those innocent British ( and other nations ) savers who have lost their life savings in the failure of Icelandic bank , Kaupthing . Namely those in the Kaupthing Singer and Friedlander , Isle of Man branch who appear to have been forgotten by the savings guarantees now offered by the UK government .
Yeah, our family has such a black sheep, too…
Finally our politicans act, to aid our brothers!!!